Business Segments · Land and land improvements
Triple Net — Land and land improvements
Welltower Triple Net — Land and land improvements increased by 395.5% to $733.75M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 765.5%, from $84.78M to $733.75M. Over 4 years (FY 2021 to FY 2025), Triple Net — Land and land improvements shows an upward trend with a 53.5% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ1 2018
Last reportedQ4 2025
How to read this metric
An increase suggests capital deployment into land acquisition or site development within the triple-net segment.
Detailed definition
Represents the book value of land and associated site improvements specifically allocated to the triple-net lease proper...
Peer comparison
Standard real estate asset reporting found in most REITs under property, plant, and equipment disclosures.
Metric ID:
well_segment_triple_net_land_and_land_improvementsHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $30.85M | $48.10M | $88.84M | $0.00 | $0.00 | $0.00 | $7.54M | $7.37M | $7.37M | $58.80M | $127.52M | $710.00K | $14.19M | $63.08M | $84.78M | $88.25M | $94.17M | $148.09M | $733.75M |
| QoQ Change | — | +55.9% | +84.7% | -100.0% | — | — | — | -2.2% | +0.0% | +697.8% | +116.9% | -99.4% | >999% | +344.4% | +34.4% | +4.1% | +6.7% | +57.3% | +395.5% |
| YoY Change | — | — | — | — | -100.0% | -100.0% | -91.5% | — | — | — | >999% | -90.4% | +92.6% | +7.3% | -33.5% | >999% | +563.5% | +134.8% | +765.5% |
Range$0.00 – $733.75M
CAGR+102.2%
Avg YoY Growth>999%
Median YoY Growth+49.9%
Current Streak7 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Welltower's triple net — land and land improvements?
- Welltower (WELL) reported triple net — land and land improvements of $733.75M in Q4 2025.
- How has Welltower's triple net — land and land improvements changed year-over-year?
- Welltower's triple net — land and land improvements increased by 765.5% year-over-year, from $84.78M to $733.75M.
- What is the long-term trend for Welltower's triple net — land and land improvements?
- Over 4 years (2021 to 2025), Welltower's triple net — land and land improvements has grown at a 53.5% compound annual growth rate (CAGR), from $191.94M to $1.06B.
- What does triple net — land and land improvements mean?
- The total value of land and site improvements owned within the triple-net lease portfolio.